A Guide to Success for Your Hotel's Upcoming Capital-Expenditure Project
Consider the Impacts of COVID-19, the Supply Chain, Inflation and Labor
Although the overall economy is facing many headwinds, our hospitality industry has reason to be “cautiously optimistic” for a solid year ahead. As leisure travel demand eases, gro...
Hotel Owners Face New Reality in Updating Properties
Strategies To Manage Inflation and Production Challenges
This time last year, I published an HNN column titled “CapEx: Special Considerations for the COVID-19 Era” and the subtitle was “Prepare for Inflation on Raw Materials, Logistics.”
Special CapEx Considerations for the COVID-19 Era
Prepare for Inflation on Raw Materials, Logistics
As we slowly exit the effects of COVID-19 on our industry, three approved vaccines, pent-up demand and basic personal and business necessity will provide recovery to all segments o...
How to Mitigate FF&E Risk in Today’s CapEx Environment
There’s more to a successful CapEx project than hiring a purchasing agent and a contractor.
During 2020, the hospitality industry will undertake a record number of CapEx projects, estimated at more than $7 billion. This volume, combined with an expanding global economy, t...
Back to the Basics: The Fundamentals of FF&E Purchasing
Here’s a look at the key elements of the FF&E purchasing process you should know before starting a CapEx project.
As we are in a period of both record demand for furniture, fixtures and equipment and uncertainty in the global supply chain due to evolving world trade challenges, I feel it is im...
5 Ways to Maximize ROI on Your CapEx Investment
Avoid some common pitfalls in capital expenditure projects by following these steps. The results will be evident in your return on investment.
As we are entering the middle of 2017, the year is shaping up to be another record for capital-expenditure spend in the hotel industry.
The Keys to Successful FF&E CapEx Spending
Sound financial planning with an experienced accounting team can make FF&E and CapEx spending much easier.
Early in my career, a client told me that if we do a great job on sourcing, purchasing and delivery of furniture, fixtures and equipment, but have issues in the accounting process,...
The Present and Future of FF&E Sourcing
While global sourcing will continue to be the trend, as technology is transferred around the world, we might actually start to see a counter trend in the growth of locally sourced products.
When handling the procurement of furniture, fixtures and equipment, and operating supplies and equipment for hotel projects in more than 30 countries, I am often asked where a cer...
CapEx Requirements Pick up in 2013
With FF&E and OS&E costs back to 2007 levels, owners can benefit from price, design and durability.
2012 Is Year of Renovations in the US
Three years after the Great Recession and with solid hotel industry fundamentals, FF&E projects in the U.S. this year will revolve around renovations.
Winning in the Procurement Process
The procurement agent must act as the liaison between the interior designer and more than 2,000 global vendors to find the real win/win solutions.
Currency, Tax Issues Can Weigh on FF&E Process
Without a proper understanding of conversion rates, taxes and accounting practices, a FF&E project can quickly become fraught with misunderstandings among vendors, purchasers and clients.
Daniel Englender, Bill Cheung and Darlene Henke contributed to this series.